American HealthCare Capital is pleased to introduce a highly profitable retail pharmacy in New Jersey. Their experienced staff is known for providing quality service in the community they serve. The company filled over 61,000 scripts in 2019, with total gross revenues of $7.1 million, an adjusted EBITDA of over $1.1 million, and an EBITDA margin of over 15%. Their high margins are a result of focusing on higher-margin drugs, which allows them to be more profitable than most retail pharmacies which have EBITDA margins of only 5-8%.
While the pandemic impacted sales in 2020, they are on track to close the year out at over $6.1 million in revenue. The company does no marketing or advertising, and there’s an unoccupied doctor’s office next door that, if filled, could easily drive $1-2 million in additional revenue each year.
The company is owned and operated by a Pharmacist who is selling in order to move out of state but is willing to stay on for another year to help with the transition. The company is fully staffed with four Pharmacy Technicians, two cashiers, and two drivers, all of whom are expected to stay on under new ownership.
The asking price for this opportunity is $5.3 million. This is based on a 4.5 multiple of 2019 adjusted EBITDA ($1.1 million), plus current inventory of $380,000.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.